The absence of private property rights or the lack of sufficient enforcement of existing property rights.
Answer:
Correct option is (D)
Explanation:
Given:
Cost for typing for the first time = $5 per page
Cost of revision = $3 per page each time.
Number of pages in the manuscript = 100
Cost of typing 100 pages for the first time = 100 × 5 = $500
Cost of 40 pages revised once = 40 × 3 = $120
Cost of 10 pages revised twice = 10 × (3 × 2) = $60
Total cost of manuscript = 500 + 120 + 60
= $680
The supply curve in the question is Qa = 3P2– 12 while the demand curve is Qx = 24 – P2.
<h3>a. How to ascertain the supply curve</h3>
To know the supply curve we have to be able to make a distinction of the direction of the signs used in the functions.
Supply curves are known to be positive because they are an increasing function that is due to prices. For demand function they are negative because they are a decreasing function.
In 3P2 – 12. the coefficient is positive when we take the first derivative. This gives us 6p= +6
For the demand curve, when we do this we would have -2p. that is -2 hence this is the demand curve.
2. Equilibrium.
At equilibrium we have Qa = Qd
hence 3P² – 12p= 24 – P²
From here we are to take like terms
3P² – 12p= 24 – P²
3P² + P² - 12p - 24 = 0
4p² - 12p - 24 = 0
The solution to the quadratic equation using the quadratic equation calculator is x=4.37228 and x=−1.37228
Read more on demand and supply curve here:
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I believe that statement is False,
you can drive a car(4 wheel) by having Florida's learner driver license. But you need an additional special license if you want to ride a motorcycle(2 wheels). The special license for motorcycle is divided depending on its cc's. Moped license, with 50cc or smaller and automatic transmission tend to be easier to obtain.
<span>The given data shows that Watson Enterprises signed a $24,000, 60-day, 4% note payable as replacement of an account payable with Erikson Company. Below are the journal entries that should be recorded upon signing the note:
1.Debit Accounts Payable $24,000
2.credit Notes Payable $24,000.</span>
